EQUIP LIFE MINISTRIES INC

EIN: 832701442 501(c)(3) Religion

MADILL, OK

Total Revenue
$107,154
Total Expenses
$77,719
Total Assets
$345,258
Net Assets
$53,658
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
OK
Principal Officer
GEORGE BURKE
Phone
5806305788
Tax Period
2023-01-01 to 2023-12-31

EQUIP LIFE MINISTRIES INC, founded in 2018, is a small nonprofit in the Religion sector that reported $107K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $29K, a strong 27% operating margin.

Mission

ORGANIZATION IS A CHURCH THAT MEETS ON SUNDAYS AND HAS A CONGREGATION OF CHRISTIANS THAT ARE FOLLOWING CHRIST.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $107,154
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $107,154

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,918
Fundraising Expenses $0
Program Expenses $77,719
Other Expenses $64,801
TOTAL EXPENSES $77,719

Year-over-Year Comparison

2023 2022 Change
Revenue $107,154 $117,813 -0.1%
Expenses $77,719 $114,236 -0.3%
Net Income $29,435 $3,577 +7.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
2
Independent Members
2
Employees
3
Volunteers
5

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE BURKE ELDER N/A
Director
$0 $0 $0
WES HOWELL ELDER N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $107,154 $77,719 $345,258 $29,435
2022 $117,813 $114,236 $336,101 $3,577
2021 $176,912 $175,724 $21,004 $1,188
2020 $146,946 $145,690 $20,124 $1,256
2019 $118,466 $125,921 $18,380 $-7,455
Explore More Nonprofits
→Top 100 Nonprofits in Oklahoma →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare EQUIP LIFE MINISTRIES INC with other nonprofits in Oklahoma and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.